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[Harry]

Thanks Harry, This works great except when the day session opens the highs and lows from the Globex seem to follow the market. I have been playing with the setting and cant seem to find the right combination. is there a way to have the globex highs and low show for the remainder of the current RTH? Thanks for your help.

The SessionPivots indicator plots High, Low and Close of the prior day's ETH or RTH session. It does not plot the Globex night session High and Low.

If you want to display the Globex High and Low, I suggest to use the Opening Range indicator, which can be found here:

http://www.bigmiketrading.com/download/ninjatrader-7/indicators/620-download.html?view

Sample chart is attached.

[Trader Mike]

Thanks Harry, unfortunately I am not a member of Big Mikes. I will have to look into that. I am surprised that there is not a simple solution as it seems many people have tried to handle this.

[turbotrader]

Fib Bands Indicator

Hi,
it seems that michel is not around anymore. So maybe someone else can help me.

I am looking for a fib band indicator. How it should work is described in this book on page 150.

http://www.scribd.com/doc/24956155/trade-chart-patterns-suri-duddella

Basically it is just an EMA with TrueRange based bands around it. The math behind it is:

MA = EMA (Close, 34);
TR = EMA (TrueRange, 8);


UpperBand 3   = MA + TR * 4,23;
UpperBand 2   = MA + TR * 2,62;
UpperBand 1   = MA + TR * 1,62;
MidBand          = MA;
LowerBand 1   = MA - TR * 1,62;
LowerBand 2   = MA - TR * 2,62;
LowerBand 3   = MA - TR * 4,23;

[Harry]

This is a modified Keltner Channel. The original Keltner Channel uses a SMA of the typical price as the center line and then adds/subtracts a multiple of the average true range to calculate the band.

The Fib bands are calculated from an EMA of the closing price, then 3 multiples of an exponential average of the true range are used to create the Fib bands.

Note: The ATR uses Wilder's exponential average, where k = 1/n is the smoothing constant. The fib bands use the standard exponential average with k = 2/(n+1) as a smoothing constant. This means that an ATR(10) uses k = 0.1, whereas EMA(TR, 10) uses k = 0.182. However, you can convert them, for example the equality

ATR(10) = EMA(TR, 19)

allows conversion between the two different approaches.

I have coded a Universal Keltner Channel, which can be found here:

http://www.bigmiketrading.com/download/ninjatrader-7/indicators/625-download.html?view

You can set the multiple to a Fib ratio and create a fib band. If you apply that indicator three times with different settings, you get your fib channels. You can also contact me via private message to modify the indicator to suit your needs.

Hi,
it seems that michel is not around anymore. So maybe someone else can help me.

I am looking for a fib band indicator. How it should work is described in this book on page 150.

http://www.scribd.com/doc/24956155/trade-chart-patterns-suri-duddella

Basically it is just an EMA with TrueRange based bands around it. The math behind it is:

MA = EMA (Close, 34);
TR = EMA (TrueRange, 8);


UpperBand 3   = MA + TR * 4,23;
UpperBand 2   = MA + TR * 2,62;
UpperBand 1   = MA + TR * 1,62;
MidBand          = MA;
LowerBand 1   = MA - TR * 1,62;
LowerBand 2   = MA - TR * 2,62;
LowerBand 3   = MA - TR * 4,23;

[Harry]

Thanks Harry, unfortunately I am not a member of Big Mikes. I will have to look into that. I am surprised that there is not a simple solution as it seems many people have tried to handle this.

There cannot be a simple solution. Traders have their PCs setup in local time around the world. I am sitting in Europe and we do not have the same daylight savings schedule as the US. The only way to get correct session times - and this includes the Globex range - is to convert the exchange time to local time and vice versa. The information needed for conversion - that is the timezone of the exchange - is available via the session template of the chart.

I have coded various indicators, this includes

- Session Pivots for ETH and RTH
- Jackson Zones ETH and RTH
- Current day's range
- Globex range and opening range
- VWAP for ETH and RTH
- Average daily range as target bands
- Noise band based on failure moves

which all rely on the correct session information. All indicators are available for free at www.bigmiketrading.com (elite membership is required to download them). You can also send me a private message, I don't mind sending an indicator, if I am not getting hundreds of requests.

[turbotrader]

Thanks Harry for your help.
I did not know that this is only an modified Keltner Channel.

This is a modified Keltner Channel. The original Keltner Channel uses a SMA of the typical price as the center line and then adds/subtracts a multiple of the average true range to calculate the band.

The Fib bands are calculated from an EMA of the closing price, then 3 multiples of an exponential average of the true range are used to create the Fib bands.

Note: The ATR uses Wilder's exponential average, where k = 1/n is the smoothing constant. The fib bands use the standard exponential average with k = 2/(n+1) as a smoothing constant. This means that an ATR(10) uses k = 0.1, whereas EMA(TR, 10) uses k = 0.182. However, you can convert them, for example the equality

ATR(10) = EMA(TR, 19)

allows conversion between the two different approaches.

I have coded a Universal Keltner Channel, which can be found here:

http://www.bigmiketrading.com/download/ninjatrader-7/indicators/625-download.html?view

You can set the multiple to a Fib ratio and create a fib band. If you apply that indicator three times with different settings, you get your fib channels. You can also contact me via private message to modify the indicator to suit your needs.

[andre.adamov]

fibo pivot request

Hello guys..
Im a new member with less than enough programming skills, so i need some help.
I'd like to have a fibo pivot indicator. I know there are a plenty on the forums, but unfortunately none of them show the levels which I desire.
the calcualtion method of the levels:

R3 = Pivot + 1.000 * (H - L)
R2 = Pivot + 0.618 * (H - L)
R1 = Pivot + 0.382 * (H - L)
Pivot = ( H + L + C ) / 3
S1 = Pivot - 0.382 * (H - L)
S2 = Pivot - 0.618 * (H - L)
S3 = Pivot - 1.000 * (H - L)

the high/low/close based on the prvious day or week.
I've been calculating and drawing this lines own hands, but its a pain.

Any help is appreciated and sorry my poor english!!
Best wishes
Andre

[Harry]

This indicator is already available. Please use the SessionPivotsV39 - version 39 is posted at www.bigmiketrading, com, version 38 is in the download section of this forum, will update it as well.

http://www.ninjatrader.com/support/forum/local_links.php?action=jump&catid=4&id=343

http://www.bigmiketrading.com/download/ninjatrader-7/indicators/371-download.html

Indicator settings:

The indicator requires the use of the correct session template for 6B, that is CME FX Futures ETH. You need to decide, if you want to take the close at 5:00 PM EST or the settlement price at 3:00 PM EST.

Settlement price: You need to set the indicator to DailyBars and make sure that you have loaded daily data, which supplies the settlement price. For example Kinetick EOD does supply the settlement price.

Close: You need to set the indicator to CalcFromIntradayData, and will calculate the pivots by using the close.

I understand that you have used the close to calculate the Fibonacci pivots. For FOREX this solution is not bad, as the FOREX markets close at that time. However, website such as www.mypivots.com use the settlement price for calculating pivots, so it is not obvious to opz for the close instead of the settlement.

Now set the indicator to Fibonacci to display Fibonacci pivots. You can also set it to Jackson to display Jackson Zones, which are very similar.

THe charts are attached below. In case that you wish to see the plots for the previous days as well, you can use the PivotZones indicator, which is available here:

http://www.bigmiketrading.com/download/ninjatrader-7/indicators/751-download.html

Harry

Hello guys..
Im a new member with less than enough programming skills, so i need some help.
I'd like to have a fibo pivot indicator. I know there are a plenty on the forums, but unfortunately none of them show the levels which I desire.
the calcualtion method of the levels:

R3 = Pivot + 1.000 * (H - L)
R2 = Pivot + 0.618 * (H - L)
R1 = Pivot + 0.382 * (H - L)
Pivot = ( H + L + C ) / 3
S1 = Pivot - 0.382 * (H - L)
S2 = Pivot - 0.618 * (H - L)
S3 = Pivot - 1.000 * (H - L)

the high/low/close based on the prvious day or week.
I've been calculating and drawing this lines own hands, but its a pain.

Any help is appreciated and sorry my poor english!!
Best wishes
Andre

[Swishy27]

I would appreciate your help modifying the attached time and sales indicator to have the option to display color coding based on up/down tick continuation instead of bid/ask.

I know ranchodinero has a free time and sales indicator but their version does not display time down to the second as this one does. Trying to combine the best of both worlds.

[pedroivo96]

Can you make a HiLo Activator?!

Can you make a HiLo Activator like in the image?
Thank you,
Pedro Ivo

[Harry]

Pedro,

You would need to tell us the formula used.

[pedroivo96]

Pedro,

You would need to tell us the formula used.

Harry,I use this HiLo Activator:http://www.ninjatrader.com/support/f...0&d=1201990653
Thank you,
Pedro Ivo

[Harry]

Harry,I use this HiLo Activator:http://www.ninjatrader.com/support/f...0&d=1201990653
Thank you,
Pedro Ivo

That formula is flawed. Have quickly coded something, but not finished yet. I think it can be used as a trendfilter. High and low are calculated via a moving average. The basic indicator uses a SMA, but I will add some options to use something like 30 different moving averages. Paintbars for identifying the trend, arrows and sound alerts for the trend change.

A preview is below.

[Harry]

Just discovered a simple working version of the HiLowActivator for NinjaTrader.

You can find it here:

http://www.bigmiketrading.com/ninjatrader/2742-gann-hilo-activator-question-2.html#post27817

[pedroivo96]

That formula is flawed. Have quickly coded something, but not finished yet. I think it can be used as a trendfilter. High and low are calculated via a moving average. The basic indicator uses a SMA, but I will add some options to use something like 30 different moving averages. Paintbars for identifying the trend, arrows and sound alerts for the trend change.

A preview is below.

Thank you very much Harry!!!The indicator is getting good!When you finish making the indicator tell me!
Thank you,
Pedro Ivo